Dallas, Texas Bank Lends Money to Car Washes Company in Owensboro, Kentucky

Want to talk with a Dallas, Texas bank about a business loan? Here's one Kentucky business loan, issued by a Dallas bank, that was approved by the SBA.

Applying for an SBA loan with Comerica Bank worked out well for our friends at one local firm in Owensboro, Kentucky. They got an SBA loan for $1,740,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
OWENSBORO, KY 42301

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

8/7/2007

Loan Approval Gross Amount

$1,740,000

Loan Approval from the SBA

Of the total $1,740,000 loan amount, the SBA guaranteed $1,305,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help create 5 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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